UPDATE 1-DaimlerChrysler picks Cordes to head Mercedes

Newswire

(Adds comment from statement, background) FRANKFURT, July 29 (Reuters) - DaimlerChrysler AG named commercial vehicles head Eckhard Cordes on Thursday to succeed Juergen Hubbert as head of its flagship Mercedes Car Group division, effective Oct. 1. Cordes, 53, is a loyal ally of Chief Executive Juergen Schrempp and had been widely tipped to take over the most lucrative division at the world's fifth-biggest carmaker. Andreas Renschler, 46, former head of the Smart compact car line, will ...

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